Copper CEO Amar Kuchinad Resigns Amid Four-Month Sale Process

Amar Kuchinad, CEO of crypto custodian Copper, has stepped down. The company has been seeking a buyer since at least May with the assistance of Cantor Fitzgerald. Initial valuation targets were set at $500 million, but recent bids have reportedly dropped to approximately $200 million, a significant decline from its peak valuation of over $2 billion.